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updated —PAXG Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding never covers this cost
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
−0.44%
7d Period Avg−1.58%
swing±3.83%
LONG Hyperliquid · now
+10.96%
7d avg:+10.37%
SHORT grvt · nowPAXG_USDT_Perp
+10.52%
7d avg:+8.79%
Entry Spread Now
−0.002%
NeutralL ask 3,798.3 · S bid 3,798.24
24h range −0.07%…+0.17% · median +0.01%
Long pays every1hShort pays every4h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$26.21
−0.26%
$Avg Daily PnL
−$0.43
−0.0043%
★Best Day
+$0.16
Nov 10
◎Open Interest
Hyperliquid$23.40M
grvt$1.36M⚡Funding APR
−1.58%
annualized · funding only
⚠Execution Cost
−$23.18
entry + exit fees
⏱Payback
never
to break even
◧24h Volume
Hyperliquid$4.12Mgrvt$2.38MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$23.18 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.